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Strategies & Market Trends : Fundamental Value Investing

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From: bruwin	6/11/2020 3:28:12 PM
	1 Recommendation Recommended By robert b furman Read Replies (1) of 4719

We've seen recent short term falls in the DOW and the S&P500. I would say this is largely due to profit taking after about 16 days of an ongoing uptrend ....... One way to judge "Market Sentiment" and "Market Momentum" is to look at the Trading Volumes. Back in late February and during March the S&P plunged by about 30% from 3300 to around 2300. The daily traded volumes were in the region of 5 Billion. Since mid-April, and up until today, there have been 3 down ticks in the S&P. On each occasion the Traded Volumes, i.e. "Market Trading Activity", has been in the region of 3 Billion traded. That's about 40% less than the March plunge in the market. And after each of the previous 3 down ticks the S&P rallied and continued in an uptrend, i.e. higher highs and higher lows, which indicates shorter term profit taking. As long as there's this move to get the country back to work and for people to get back to living normal lives again, I'd say that there's every likelihood for the market to move in a positive direction ......

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